The decision of Teleology Holdings Limited to exit 9mobile Nigeria and trade off its equity signals a bad omen for 9mobile and could lead to its eventual collapse.
Inside sources reveal that irreconcilable differences within the Board and management of 9mobile prompted the latest action on the part of Teleology to quit the telco even as its $50 million initial deposit remains a source of concern within the operator.
Teleology Limited formally took over the reins of leadership at 9mobile Nigeria on November 12, 2018.
